What is an order matching engine for crypto exchanges?

FinanceFeeds Editorial Team

What is the key goal of every crypto exchange? These platforms are aimed to help holders buy and sell their digital assets for other cryptocurrencies or fiat money. This said experts name an order matching engine (OME) as the basis for every crypto exchange.

What is an order matching engine?

Such engines are the hearts of a crypto exchange, containing all the orders created by users. An engine matches bid orders with ask ones, enabling holders to buy or sell assets in accordance with market prices.

This electronic system is responsible for the market depth. Created orders are grouped by purpose (ask/bid), time, and price. When an engine finds the correspondence between ask and bid orders, a deal is executed automatically. In other cases, traders/investors may cancel a deal.

How does a matching engine work?

An engine’s algorithms collect the information about all created orders, and when two opposite orders (bid-ask) correspond to each other, a deal is executed. Such algorithms enable a trader to create the market, limit-order, and stop-limit orders.

Engines may leverage diverse algorithms, while the FIFO principle is the most widespread. This algorithm defines an order’s priority by its time. For instance, when there are two identical orders, an engine executes the one created earlier.

Order matching engines are complicated software that collects and synchronizes data within diverse trading pairs. An OME development is a time-taking process; this said business owners need to apply to reliable companies.

Available options to get order matching engine

When you are interested in how to start a crypto exchange, matching engine development is among the top priorities. The following solutions are available:

  1. Develop such an engine on your own.
  2. Purchase a ready-made OME in a company that specializes in such products.
  3. Use a custom matching engine.
  4. Get an OME inside a package of turnkey exchange solutions.
  5. Combine the given options.

B2Broker to offer the powerful system of order matching

A turnkey crypto exchange is among the most in-demand services offered by the B2Broker company. The process includes a string of important aspects and many pitfalls; this is why applying to experienced specialists is the best solution for newer players.

As for the matching engine leveraged in exchanges suggested by B2Broker, the company offers high-end technology that processes 30 000 requests per second. The engine is available in the 24/7 mode with the smallest maintenance pauses.

B2Broker solutions are your jumpstart in the crypto trading sector, as high-quality products lead the market, overcoming your competitors.

Read this next


The FX Algo Wheel, is it wheels up and ready to take flight?

by David Catterick, Sales Director, BidFX Australia

Retail FX

eToro users now can trade underlying Italian stocks

Israeli social trading and multi-asset brokerage company eToro has expanded its service offering and trading products by incorporating new markets, namely Italian stocks listed at underlying exchanges.

Digital Assets

BlackRock bets on crypto bank Silvergate despite drastic fall

BlackRock, the world’s largest asset manager, has increased its stake in Silvergate Bank, a crypto-friendly lender that counts major crypto exchanges like Coinbase and Kraken as clients.


A viewpoint from Anatoly Crachilov, CEO and Founding Partner at Nickel Digital, on SEC regulation of the digital asset sector

The SEC’s latest episode comes across as more of a PR performance rather than an act of investor protection.

Digital Assets

Tether denies receiving any loans from Celsius, the opposite is true

World’s largest stablecoin issuer, Tether dismissed reports suggesting that it received a $2 billion loan from the bankrupt cryptocurrency lender Celsius.

Institutional FX

Cboe FX volume makes strong rebound in January

Cboe’s institutional spot FX platform today announced its trading volume for the month ending January 2023, which marks a mild rebound after a steep fall in December.


XS.com appoints Exness alumni Mohamad Ibrahim as CEO

XS.com, the multi-regulated financial services provider, has appointed Mohamad Ibrahim as the group’s newest chief executive officer (CEO).


B2Broker Integrates Match-Trader Solution to Expands Its White Label Liquidity Offering

A global provider of technology and liquidity for the FX and cryptocurrency markets, B2Broker recently announced the extension of its white label liquidity offering by merging with Match-Trader.

Digital Assets

UK launches open consultation to regulate crypto exchanges, custody, and lending

The government’s proposed measures have been informed by recent market events – including the failure of FTX – which reinforce the case for effective regulation and sector engagement.